Common use of Interest Rates and Payment Dates Clause in Contracts

Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Rate determined for such Interest Period plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 3 contracts

Sources: Revolving Credit Agreement (Ford Motor Co), Term Loan Credit Agreement (Ford Motor Co), Revolving Credit Agreement (Ford Motor Co)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Alternate Base Rate Loan shall bear interest at a rate per annum equal to the ABR Alternate Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section subsection plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Alternate Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.

Appears in 3 contracts

Sources: Credit Agreement (Hca Inc/Tn), Credit Agreement (Hca Inc/Tn), Credit Agreement (Hca Inc/Tn)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the Facility plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Visteon Corp), Credit Agreement (Visteon Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBOR Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Qwest Corp), Credit Agreement (Centurylink, Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the Facility plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (cSection 2.9(c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (United Online Inc), Credit Agreement (United Online Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-non payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided provided, that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Virgin Mobile USA, Inc.), Credit Agreement (Virgin Mobile USA, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBOR Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (c) (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Qwest Corp), Credit Agreement (Lumen Technologies, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum which is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum(or, in the case of any such other amounts, the Base Rate plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Bear Island Finance Co Ii), Credit Agreement (Bear Island Finance Co Ii)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)full. (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Term Facility Credit Agreement (Fender Musical Instruments Corp), Term Facility Credit Agreement (Fender Musical Instruments Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand of the Administrative Agent.

Appears in 2 contracts

Sources: Term Loan Agreement (MPT Operating Partnership, L.P.), Term Loan Credit Agreement (Medical Properties Trust Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Revolving Credit Agreement (Centurytel Inc), 364 Day Revolving Credit Agreement (Centurytel Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency applicable London Interbank Offered Base Rate determined for such Interest Period plus the Applicable Margin. (b) Each ABR Loan and Swing Line Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (ic) If all or a portion of the (i) any principal amount of any Revolving Credit Loan or Swing Line Loan, (ii) any interest payable thereon, (iii) any facility fee or (iv) any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), any such overdue amount shall bear interest at a rate per annum equal to which is (x) in the case of any such overdue principal, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and or (iiy) if all or a portion in the case of any interest payable on any Loan or any fee payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to interest, facility fee or other amount, the rate then applicable to ABR Loans pursuant to subsection 2.9(b) plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such overdue principal, interest, facility fee or other amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Mastercard Inc), Credit Agreement (Mastercard Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency LIBORTerm SOFR Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBORAdjusted Term SOFR Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans pursuant to Section 2.7(b) plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Qwest Corp), Credit Agreement (Lumen Technologies, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Superior Offshore International Inc.), Credit Agreement (Gartner Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (ic) If all or a portion of (i) the principal amount of any Loan shall not be paid when due (whether at the stated maturityLoan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on thereon or (iii) any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above%, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Scheduled Interest Payment Date, provided that (i) interest accruing pursuant to paragraph (c) of this Section 2.8 shall be payable from time to time on demanddemand and (ii) each prepayment of the Loans shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid and breakage costs, if any.

Appears in 2 contracts

Sources: Credit Agreement (Fred Meyer Inc), Credit Agreement (Quality Food Centers Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency SOFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Rate Adjusted Term SOFR determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.04 plus 2% per annum %; and (ii) if all or a portion of any interest payable on any Loan or any fee Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, %; in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)full. (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (cSection 2.04(c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Term Loan Agreement (PNM Resources Inc), Term Loan Agreement (Public Service Co of New Mexico)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Clearwire Corp), Loan Agreement (Clearwire Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (ic) [Reserved]. (d) [Reserved]. (e) If all or a portion of (i) the principal amount of any Loan shall not be paid when due (whether at the stated maturityLoan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan thereon or (iii) any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (x) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this Section 2.6 plus 2% per annumor (y) in the case of any overdue interest, fee or other amount, the rate described in Section 2.6(b) plus 2%, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until to the date on which such amount is paid in full (as well after as before judgment). (df) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.6(e) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Kimco Realty Corp), Credit Agreement (Kimco Realty Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginABR. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Price T Rowe Group Inc), Credit Agreement (Price T Rowe Associates Inc /Md/)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.04 plus 2% per annum %; and (ii) if all or a portion of any interest payable on any Loan or any fee Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, %; in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)full. (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Revolving Credit Agreement, Revolving Credit Agreement (Avangrid, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (c) Notwithstanding the rates of interest specified in Section 2.9(a) or (b) or elsewhere herein, effective immediately upon the occurrence of an Event of Default and for as long thereafter as such Event of Default shall be continuing, (i) If all or a portion of the principal amount balance of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all Loans shall bear interest at a rate per annum equal to the rate of interest that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.9(a) or (b) plus 2% per annum and (ii) if the amount of all or a portion of any interest payable on any Loan or any fee payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount other Obligations shall bear interest at a rate per annum equal to the rate of interest then applicable to ABR Base Rate Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)%. (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph clause (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Secured Super Priority Debtor in Possession Credit Agreement (Trico Marine Services Inc), Credit Agreement (Trico Marine Services Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate from time to time plus the Applicable Margin. (ic) If all or a portion of Notwithstanding the foregoing, at any time after the date on which any principal amount of any Loan shall not be paid when is due and payable (whether at on the stated maturitymaturity date therefor, by upon acceleration or otherwise), or after any other monetary Obligation of the Borrower or any other Loan Party shall have become due and payable, and, in each case, for so long as such overdue amount Obligation remains unpaid, the Borrower shall bear pay, but only to the extent permitted by law, interest (after as well as before judgment) on such unpaid amounts at a rate per annum equal to (a) in the case of overdue principal on any Loan, the rate of interest that otherwise would otherwise be applicable thereto pursuant to the foregoing provisions of this Section such Loan plus 2% per annum and (iib) if all or a portion in the case of any interest payable on any Loan or any fee payable hereunder shall not be paid when due (whether at the stated maturityoverdue interest, by acceleration or otherwise)fees, such overdue amount shall bear interest at a rate per annum equal to and other monetary Obligations, the rate then applicable to ABR Base Rate Loans under the Revolving Facility plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 2 contracts

Sources: Credit Agreement (Calpine Corp), Credit Agreement (Calpine Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency EurodollarTerm Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency EurodollarAdjusted Term SOFR Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan the Loans shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a default rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.11 plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan the Loans or any other fee payable hereunder in connection herewith (excluding any expenses or other indemnity) shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a default rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.11(c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Term Loan Credit Agreement (PACIFIC GAS & ELECTRIC Co)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Revolving Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Revolving Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Cogentrix Energy Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable by the Borrower in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Second Lien Credit Agreement (Vertrue Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Term Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto to the Term Loans pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Term Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Term Loan Credit Agreement (InfraREIT, Inc.)

Interest Rates and Payment Dates. (a) 2.9.1 Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Base Rate determined for such Interest Period plus the Applicable Margin. (b) 2.9.2 Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) 2.9.4 Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.9.3 shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Triumph Group Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum which is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 23% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum3%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Interim Term Loan Agreement (Apartment Investment & Management Co)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginABR. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans plus 2%, and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.plus

Appears in 1 contract

Sources: Credit Agreement (Church & Dwight Co Inc /De/)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Term Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Term Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Cogentrix Energy Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate from time to time plus the Applicable Margin. (ic) If all or a portion of Notwithstanding the foregoing, at any time after the date on which any principal amount of any Term Loan shall not be paid when is due and payable (whether at on the stated maturitymaturity date therefor, by upon acceleration or otherwise), or after any other monetary Obligation of the Borrower or any other Loan Party shall have become due and payable, and, in each case, for so long as such overdue amount Obligation remains unpaid, the Borrower shall bear pay, but only to the extent permitted by law, interest (after as well as before judgment) on such unpaid amounts at a rate per annum equal to (a) in the case of overdue principal on any Term Loan, the rate of interest that otherwise would otherwise be applicable thereto pursuant to the foregoing provisions of this Section such Term Loan plus 2% per annum and (iib) if all or a portion in the case of any interest payable on any Loan or any fee payable hereunder shall not be paid when due (whether at the stated maturityoverdue interest, by acceleration or otherwise)fees, such overdue amount shall bear interest at a rate per annum equal to and other monetary Obligations, the rate then applicable to ABR Base Rate Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Bridge Loan Agreement (Calpine Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBO Rate (Reserve Adjusted) determined for such Interest Period day plus the Applicable Loan Margin or, at the option of the Lessee, the Alternate Base Rate plus the Loan Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of (i) the principal amount of any Loan shall not be paid when due (whether at the stated maturityLoan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on thereon or (iii) any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Overdue Rate. Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph this clause (cb) of this Section shall be payable from time to time on demand. (c) During the Base Lease Term, Interest shall accrue on outstanding Loans and shall be paid on the Scheduled Payment Date. (d) Each prepayment of the Loans shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.

Appears in 1 contract

Sources: Loan Agreement (Symantec Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (cSection 2.8(c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Perficient Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable MarginMargin in effect for such day. (b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the Base Rate in effect for such day plus the Applicable Margin in effect for such day. (c) Upon the occurrence and during the continuation of any Event of Default, all outstanding Loans (whether or not overdue) (to the extent legally permitted) shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above%, from the date of such non-payment Event of Default until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Tesoro Corp /New/)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Revolving Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Revolving Loan or any facility fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Synopsys Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBOR Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (as well after as before judgment) (such applicable rate, the “Default Rate”). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Sunpower Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the ABR Base Rate in effect for such day plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Inergy Holdings, L.P.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturityStated Maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.11 plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturityStated Maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.11 shall be payable from time to time on demand.

Appears in 1 contract

Sources: Term Loan Credit Agreement

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Term Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Term Loans shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Term Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Term Loan Agreement (B&g Foods Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Loan that is an LIBOR Rate Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBOR Rate determined for such Interest Period plus the Applicable Marginday. (b) Each Loan that is an ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginABR. (i) If all or a portion of the principal amount of any Loan shall is not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder or any other Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the Facility plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Seaena Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum annum, and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans under the relevant Facility plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on written demand.

Appears in 1 contract

Sources: Credit Agreement (Maxum Petroleum Holdings, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans under the relevant Facility plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Birch Telecom Inc /Mo)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin[Reserved]. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR the Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Escrow Credit Agreement (Charter Communications, Inc. /Mo/)

Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBOR Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-non payment until such amount is paid in full (as well after as before judgment) (such applicable rate, the “Default Rate”). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Sunpower Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency EurodollarSOFR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Rate Eurodollar RateAdjusted Term SOFR or Adjusted Daily Compounded SOFR, at each Borrower’s election, determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.04 plus 2% per annum %; and (ii) if all or a portion of any interest payable on any Loan or any fee Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, %; in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)full. (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Revolving Credit Agreement (Avangrid, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Term Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Term Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable by the Borrower in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Yankee Holding Corp.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin[Reserved]. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to (x) in the case of the Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR the Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Escrow Credit Agreement (Charter Communications, Inc. /Mo/)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Term Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Term Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Super MergerSub Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount of the Loans shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 22.0% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 22.0% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Second Lien Term Loan Agreement (Spanish Broadcasting System Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans or Eurodollar Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Superior Offshore International Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Allied Riser Communications Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans (whether or not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Term Loan Agreement

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Term Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Term Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (TNP Enterprises Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to to, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 4.5 plus 2% per annum 200 basis points, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum200 basis points, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment nonpayment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section 4.5 shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (T-Mobile US, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (ic) If all or a portion of (i) the principal amount of any Loan, (ii) any interest payable thereon or (iii) any commitment fee or other amount payable hereunder or under any other Loan Document shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to which is 2% over the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annumthereto, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such amount is paid in full (before as well as after as before the applicable judgment, if any). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Gencor Industries Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such all outstanding overdue amount Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 22.0% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum2.0%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Second Lien Credit Agreement (WEB.COM Group, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan or Reimbursement Obligation shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to (x) in the case of Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum or (y) in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility DocID \\DC - 036150/000014 - 15261895 v6 plus 2% and (ii) if all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Colony Capital, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand to the extent accruing on any portion of the principal amount of any Loan that has not been paid when due (whether at the stated maturity, by acceleration or otherwise) or on any amount referred to in clause (ii) of such paragraph (c).

Appears in 1 contract

Sources: Credit Agreement (Chesapeake Energy Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan Loan, shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Sba Communications Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue principal amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Knight Capital Group, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBOR Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (iii) if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Revolving Credit Agreement (Centurylink, Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency LIBOR Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBOR Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date; provided, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Centurylink, Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest for each day on which it is outstanding at a rate per annum equal to the ABR Base Rate in effect for such day plus the Applicable Margin. (i) If At any time an Event of Default has occurred and is continuing, all or a portion of the principal amount of any Loan shall not be paid when due outstanding Loans (whether at or not overdue) (to the stated maturity, by acceleration or otherwise), such overdue amount extent legally permitted) shall bear interest at a rate per annum that is equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand during the applicability of Section 2.11(c).

Appears in 1 contract

Sources: Credit Agreement (KKR Real Estate Finance Trust Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturityStated Maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.11 plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturityStated Maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.11 shall be payable from time to time on demand.

Appears in 1 contract

Sources: Term Loan Credit Agreement (SunCoke Energy Partners, L.P.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.04 plus 2% per annum %; and (ii) if all or a portion of any interest payable on any Loan or any fee Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, %; in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)full. (dc) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (cSection 2.04(c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Revolving Credit Agreement (Avangrid, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum 2.0%, and (ii) if all or a portion of any interest payable on any Loan or any fee Duration Fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.9 shall be payable from time to time on demand.

Appears in 1 contract

Sources: 364 Day Bridge Credit Agreement (Gartner Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Rate determined for such Interest Period plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus Applicable Rate. All computations of fees and interest shall be made on the Applicable Marginbasis of a 360-day year and actual days elapsed. (i) If all On or a portion prior to the Maturity Date, if any Default or Event of the principal amount of any Default shall occur, each Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount not overdue) shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section Section, plus 2% two percent, (ii) after the Maturity Date, each Loan shall bear interest at a rate per annum equal to the rate then applicable to the Loan, plus two percent and (iiiii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans the Loan plus 2% per annumtwo percent, in each case, with respect to clauses (i), (ii) and (iiiii) above, from the date of such non-payment until such amount is indefeasibly paid in full in immediately available funds (as well after as before judgment). (db) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (ca) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Superpriority Debtor in Possession Credit Agreement (Quantum Fuel Systems Technologies Worldwide, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Term Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto to the Term Loans pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Term Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment non‑payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (InfraREIT, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to the foregoing clauses (i) and (ii) above), from the date of such non-non payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section 2.8 shall be payable from time to time on demand.

Appears in 1 contract

Sources: Term Loan Agreement (Federal-Mogul Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Term Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Term Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Second Lien Credit Agreement (New World Restaurant Group Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Term Benchmark Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum 509265-1292-17123-Active.40387902.9 ​ equal to the Eurocurrency Adjusted Term SOFR Rate determined for such Interest Period day plus the Applicable MarginMargin therefor. (b) Each ABR Loan shall bear interest for each day from the applicable Borrowing Date or Conversion Date at a rate per annum equal to the ABR plus the Applicable MarginMargin therefor. (ic) If all or a portion of (i) the principal amount of any Loan shall not be paid when due (whether at the stated maturityor reimbursement obligation in respect of any LC Disbursement, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan thereon or (iii) any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall shall, to the extent permitted by applicable law, bear interest at a rate per annum which is equal to the rate then applicable to ABR Loans pursuant to Section 2.8(b) plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until to (but excluding) the date on which such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demanddemand and on the Termination Date.

Appears in 1 contract

Sources: Credit Agreement (SOUTHERN CALIFORNIA EDISON Co)

Interest Rates and Payment Dates. (a) Each Eurocurrency The Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each The ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any the Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount the Loan shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any the Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to the ABR Loans Loan plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Cc v Holdings LLC)

Interest Rates and Payment Dates. (a) Each Eurocurrency Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency LIBO Rate (Reserve Adjusted) determined for such Interest Period day plus the Applicable Loan Margin or, at the option of the Lessee, the Alternate Base Rate plus the Loan Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of (i) the principal amount of any Loan shall not be paid when due (whether at the stated maturityLoan, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on thereon or (iii) any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum which is equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Overdue Rate. Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph this clause (cb) of this Section shall be payable from time to time on demand. (c) During the Base Lease Term, interest shall accrue on outstanding Loans and shall be paid on the Scheduled Payment Date. (d) Each prepayment of the Loans shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.

Appears in 1 contract

Sources: Loan Agreement (Symantec Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day (including the first day but excluding the last day) during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginABR. (ic) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal which is (i) in the case of overdue principal, the rate that would otherwise be applicable thereto pursuant to the rate then applicable to ABR Loans foregoing provisions of this subsection plus 2% per annumor (ii) in the case of any other overdue amount, the Default Rate, in each case, with respect to clauses (i) and (ii) above, case from the date of such non-payment until such amount is paid in full (after as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section subsection shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Tc Pipelines Lp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable MarginMargin with respect to Eurodollar Loans. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable MarginMargin with respect to ABR Loans. (ic) If all any principal of or a portion of the principal amount of interest on any Loan shall or any fee or other amount payable by the Borrower hereunder is not be paid when due (due, whether at the stated maturity, by upon acceleration or otherwise), such overdue amount shall bear interest interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loans, the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum and %, or (ii) if all or a portion in the case of any other amount owed hereunder (including interest payable on of any Loan or any fee payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwiseLoan), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment)%. (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Essential Utilities, Inc.)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and ---- (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, ---- with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Revolving Credit Agreement (Centurytel Inc)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Muzak Holdings LLC)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section 2.8 plus 2% per annum and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Loan Agreement (Vivendi Universal)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to the Eurocurrency Eurodollar Rate determined for such Interest Period day plus the Applicable Margin. (b) Each ABR Base Rate Loan shall bear interest at a rate per annum equal to the ABR Base Rate plus the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 2% per annum %, and (ii) if all or a portion of any interest payable on any Loan or any fee other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Base Rate Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to paragraph (c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (R H Donnelley Corp)

Interest Rates and Payment Dates. (a) Each Eurocurrency Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal to (i) the Eurocurrency Eurodollar Rate determined for such Interest Period day plus (ii) the Applicable Margin. (b) Each ABR Loan shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the Applicable Margin. (i) If all or a portion of the principal amount of any Loan shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount all outstanding Loans shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this Section plus 22.00% per annum (the “Default Rate”), and (ii) if all or a portion of any interest payable on any Loan or any commitment fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 2% per annum%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until such amount is paid in full (as well after as before judgment). (d) Interest shall be payable in arrears on each Interest Payment Date, ; provided that interest accruing pursuant to paragraph (cSection 2.8(c) of this Section shall be payable from time to time on demand.

Appears in 1 contract

Sources: Credit Agreement (Perficient Inc)